Answer:
The correct option is D,consists of certain gains and losses included in comprehensive income but not yet recognized in the income statement
Explanation:
Other comprehensive income is the extended section of the income statement showing certain gains and losses that cannot be recognized in income statement now as they are unrealized.
For instance gains or losses from property,plant and machinery remeasured at fair market value is posted to other comprehensive since the relevant assets are still within the business not yet realized by a way of disposal.
Also,the increase or decrease in financial instruments held for long-term is also treated in the same manner for similar reason.
Answer:
$249,500.
Explanation:
The companny applied 234,000 overhead
it was underapplied by 15,500
This means the actual overhead cost were higher than the amount applied by the company. Actual overhread is the sum of both concepts.
234,000 + 15,500 = 249,500
the estimated overhead for the year was used to determinatethe rate, but is has no relevance to check for applied or underapplied, so we must ignore that data.
Answer:
b. Added to gross wages to calculate Total job Benefits
Explanation:
Employee benefits are incentives offered by employers on top of their regular salaries. Examples of benefits include medical insurance, bonuses, allowances, vacations, educational benefits, among others. These benefits are also known as fringe benefits.
Employee benefits are subject to tax. When calculating an employee's total gross pay, benefits are added to the regular pay to get the total earnings by the employee.
Answer:
a. Deeply held convictions that influence your thinking when you are faced with choices
Explanation:
A conviction refers to a firmly held belief of an individual.
An individual forms his values from his family, friends and people around which gradually shape perspective.
Values determine how an individual behaves socially, what constitutes morally right and what is not. They govern the ethical behavior of an individual.
Values are personal in nature in the sense those ain't generally acceptable principles. Those differ from individual to individual. They determine the course of action of an individual when faced with challenges and alternatives.
Answer:
c)consumer’s desired price is too low, producers may limit the amount produced
Explanation:
In a free market economy, price and quantity produced is determined by the forces of demand and supply. If there's a disequilibrium in the market, market forces bring about equilibrium.
In this question, there's a disequilibrium; there seems to be excess supply. To restore equilibrium, supply has to fall so equilibrium can be restored.
I hope my answer helps you.
